Independent journal on economy and transport policy
13:41 GMT+1
Demand slump hits shipping sector
(The Straits Times)
January 22, 2002
SINK-OR-SWIM SITUATION
LONDON - Shipping lanes, the arteries of world trade, are clogging up as widespread economic ill health depresses consumer demand for finished goods.
'Container shipping is in crisis,' London shipbroker Howe Robinson said in its latest report. 'Never before have the forces of supply and demand conspired so aggressively to undermine the various marketplaces.' ...... Read more on The Straits Times
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